{"id":40078,"date":"2025-01-29T16:43:44","date_gmt":"2025-01-29T16:43:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=40078"},"modified":"2025-01-29T16:43:44","modified_gmt":"2025-01-29T16:43:44","slug":"doge-to-skyrocket-analyst-predicts-a-900-surge-at-any-moment","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=40078","title":{"rendered":"DOGE to Skyrocket? Analyst Predicts a 900% Surge \u2018at Any Moment\u2019"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Analyst Ali Martinez points to past surges, suggesting DOGE could skyrocket above $3 in a matter of 48 hours, though skeptics question feasibility.
\nA potential green light of Bitwise\u2019s spot DOGE ETF filing could fuel a major rally, but investors should be aware that past ETF approvals have triggered short-term corrections.<\/p>\n

<\/a><\/span><\/h2>\n

DOGE\u2019s Next Potential Targets<\/h2>\n

The <\/span>biggest<\/span> meme coin in <\/span>terms of<\/span> market capitalization has experienced severe price fluctuations since the beginning of the year. At the start of January, it was trading at around $0.31, but less than three weeks later, it jumped above $0.40. The local top occurred on January 18, just two days before<\/span> Donald Trump\u2019s inauguration<\/span><\/a>, which caused <\/span>huge<\/span> excitement across the crypto community. <\/span><\/p>\n

After the <\/span>Republican<\/span> assumed office, though, Dogecoin (DOGE) witnessed a substantial downtrend. <\/span>It dropped to as low as $0.30 during<\/span> the crypto market correction at the start of the business week, while currently, it is hovering at around $0.32 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>DOGE Price, Source: CoinGecko<\/p>\n

Despite the volatility, many analysts remain optimistic that the meme coin has yet to stun the community with a gigantic surge this cycle.<\/span><\/p>\n

One of the people sharing that thesis is the popular X user Ali Martinez. He <\/span>wondered<\/span><\/a> how people could bet against DOGE since \u201cat any moment\u201d it could skyrocket by a whopping 900% in just 48 hours. The analyst referred to the asset\u2019s performance at the end of January 2021, when the valuation exploded by triple digits in a few days.\u00a0<\/span><\/p>\n

Several people commenting on the prediction noted that such a rally would require DOGE\u2019s market cap to jump to almost $500 billion. <\/span>As of the moment<\/span>, the token\u2019s capitalization stands at less than $50 billion, making the forecast quite challenging.<\/span><\/p>\n

However, Martinez <\/span>claimed<\/span><\/a> that nothing is impossible, pointing to XRP\u2019s resurgence and the fact that its current market cap is bigger than BlackRock\u2019s. Recall that the capitalization of Ripple\u2019s native token was less than $30 billion prior to the US presidential elections at the start of November 2024, while two months later, it surpassed $190 billion. As of this writing, the figure is hovering around $178 billion.\u00a0<\/span><\/p>\n

Other industry participants who recently <\/span>outlined<\/span><\/a> bullish predictions for DOGE include JAVON MARKS and Trader Tardigrade. The former assumed the price may soon climb above $2, while the latter thinks it could tap $4 in the following months.\u00a0<\/span><\/p>\n

DOGE Enters the ETF Race<\/span><\/h2>\n

One important development that could propel <\/span>a serious move to the upside for Dogecoin<\/span> is the potential approval of a spot DOGE ETF in the United States.<\/span> Most recently, Bitwise <\/span>filed<\/span><\/a> with the US Securities and Exchange Commission (SEC) to list an exchange-traded fund tracking the price of the meme coin.<\/span><\/p>\n

The securities regulator <\/span>approved<\/span><\/a> the first wave of spot BTC ETFs approximately a year ago. The companies introducing the products included well-known corporations such as BlackRock, Fidelity, Grayscale, WisdomTree, and many more.<\/span><\/p>\n

It is worth noting that BTC\u2019s price <\/span>witnessed<\/span><\/a> a significant decline shortly after the green light before stabilizing and rallying to new peaks.<\/span><\/p>\n

It will be interesting to see whether the new <\/span>leadership of the SEC will give the thumbs up on<\/span> a spot DOGE ETF and whether the decision will have the same \u201csell the news\u201d effect.<\/span> According<\/a> to Polymarket, there is a 56% chance of approval sometime in 2025.<\/span><\/p>\n

The post DOGE to Skyrocket? Analyst Predicts a 900% Surge \u2018at Any Moment\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analyst Ali Martinez points to past surges, suggesting DOGE could skyrocket above $3 in a matter of 48 hours, though skeptics question feasibility. A potential green light of Bitwise\u2019s spot DOGE ETF filing could fuel a major rally, but investors should be aware that past ETF approvals have triggered short-term corrections. DOGE\u2019s Next Potential […]<\/p>\n","protected":false},"author":0,"featured_media":40079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40078"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40078"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40079"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}